At a glance Indian GAAP (Non-consolidated financials)

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Phebe Quinn
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1 At a glance Indian GAAP (Non-consolidated financials) in Rs. crore, except per share data Quarter Dec 31, Dec 31, Dec 31, Dec 31, For the period Income 2,398 1,798 6,535 4,960 6,860 Operating profit (PBIDTA) ,184 1,662 2,325 Operating profit / total income (%) 34.74% 33.98% 33.42% 33.51% 33.90% Profit after tax (PAT) and before exceptional item ,757 1,345 1,859 PAT and before exceptional items / total income (%) 26.77% 27.59% % 27.12% 27.10% Profit after tax (PAT) and exceptional item ,757 1,345 1,904 PAT and exceptional item / total income (%) 26.77% 27.59% 26.89% 27.12% 27.76% Earnings per share (par value of Rs. 5 each, fully paid) Basic Diluted Capital expenditure Dividend per share Dividend amount At the end of the period Total assets 7,250 4,744 5,242 Fixed assets - net 2,004 1,354 1,494 Cash and cash equivalents (including liquid mutual funds) 4,122 2,584 2,851 Net current assets 2,891 2,176 2,385 Debt Net worth 7,250 4,744 5,242 Equity Market capitalization 82,271 56,362 61,073 Note : The figures above are based on unconsolidated Indian GAAP financial statements. Market capitalization is calculated by considering the share price at National Stock Exchange of India Limited on the shares outstanding at the period / year-end. Income in Rs. crore PAT before exceptional item in Rs. crore 6,860 1,859 2, , Quarter Quarter Quarter Quarter

2 Ratio analysis as per Indian GAAP (Non-consolidated) Quarter December 31 Ratios - Financial performance Software development expenses / total revenue (%) Gross profit / total revenue (%) Selling and marketing expenses / total revenue (%) General and administration expenses / total revenue (%) SG&A expenses / total revenue (%) Aggregate employee costs / total revenue (%) Operating profit / total revenue (%) Depreciation and amortization / total revenue (%) Operating profit after depreciation and Interest / total revenue (%) Other income / total revenue (%) (0.08) Profit before tax and exceptional items / total revenue (%) Tax / total revenue (%) Tax / PBT (%) PAT before exceptional items / total revenue (%) Ratios - Growth (%) Overseas revenue Total revenue Operating profit Net Profit ( before exceptional items) Basic EPS ( before exceptional items) Data - Per-share ( period end) Basic EPS (before exceptional items) (Rs.) Basic EPS (after exceptional items) (Rs.) Basic cash EPS ( before exceptional items) (Rs.) Basic cash EPS (after exceptional items) (Rs.) Book value (Rs.) Price / earning ( LTM) ** Price / cash earnings ( LTM) ** Price / book value ** PE / EPS growth ** Dividend per share (Rs.) Ratios - Return PAT before exceptional items / average net worth (%) (LTM) ROCE (PBIT/Average capital employed) (%) (LTM) Return on average invested capital (%)(LTM)* Capital output ratio (LTM) Invested capital output ratio (LTM)* Ratios - Balance sheet Debt-equity ratio Day's sales outstanding ( Days) (LTM) Current ratio Cash and cash equivalents / total assets (%)* Cash and cash equivalents / total revenue (%) (LTM)* Capital expenditure / total revenue (%) (LTM) Depreciation and amortization / average gross block (%) (LTM) Technology investment / total revenue (%) (LTM) * Investments in Liquid funds have been considered as Cash & Cash equivalents for the purpose of above ratio analysis ** Before exceptional items LTM : Last Twelve Months

3 At a glance - US GAAP For the period (Dollars in millions except per share data) Three months Revenues $423 $559 $1,137 $1,559 $1,592 Operating income $122 $164 $327 $443 $456 Operating income/revenues (%) 28.8% 29.3% 28.8% 28.4% 28.6% Net income $112 $143 $292 $403 $419 Net income/ revenues (%) 26.5% 25.6% 25.7% 25.8% 26.3% Basic earnings per equity share ($) $0.42 $0.53 $1.09 $1.49 $1.57 Cash dividend per equity share ($) $0.12 $0.14 $0.75 $0.29 $0.75 Capital expenditure $58 $57 $130 $184 $186 At the end of the period Total assets $1,305 $1,862 $1,454 Property, plant and equipment- net $321 $457 $352 Cash and cash equivalents $389 $477 $410 Investment in liquid mutual fund units $244 $492 $278 Working capital $762 $1,150 $885 Stockholders' equity $1,097 $1,639 $1,253 Common stock $31 $31 $31 Market capitalization $13,026 $18,303 $14,001 Note : (1) Market capitalization is calculated by considering the share price at National Stock Exchange of India Limited on the shares outstanding at the period / year end. Revenues Operating income Net income $1,559 $1,592 $443 $456 $403 $419 $1,137 $327 $292

4 Shareholder information 1. Registered office Electronics City, Hosur Road, Bangalore , India Tel.: , Fax: Homepage: 2. Listing on stock exchanges In India : The Bombay Stock Exchange Limited (BSE), and National Stock Exchange of India Ltd. (NSE) Outside India: NASDAQ National Market in the US. 3. Par value of equity shares Rs. 5/- each fully paid-up 4. Registrar and share transfer agent Share transfers in physical form and other communication regarding share certificate, dividends, change of address, etc. may be addressed to : Karvy Computershare Private Limited, Registrars and Share Transfer Agents; T.K.N. Complex, No. 51/2, Vanivilas Road; Opposite National College, Basavanagudi; Bangalore , India. Tel. : , Fax : kannans@karvy.com. 5. Stock market data relating to shares listed in India a. The company s market capitalization is included in the computation of the BSE-30 Sensitive Index (Sensex), the BSE Dollex and S&P CNX NIFTY Index. b. Monthly high and low quotations as well as the volume of shares traded at BSE and NSE for the quarter are: BSE NSE Total High Low Volume High Low Volume Volume Rs. Rs. Nos Rs. Rs. Nos Nos October, 2, , ,61,034 2, , ,34,76,673 3,02,37,707 November 2, , ,83,875 2, , ,61,24,005 2,07,07,880 December 3, , ,02,692 3, , ,92,67,540 2,49,70,232 For the period 3, , ,70,47,601 3, , ,88,68,218 7,59,15,819 Volume traded to average shares outstanding (%) * Quarter 7.21% 24.91% 32.12% Quarter 9.91% 29.75% 39.66% The number of shares outstanding is 23,62,30,765. American Depositary Shares (ADSs) have been excluded for the purpose of this calculation. 6. Share transfer system Shares sent for physical transfer are effected after giving a notice of 15 days to the seller for sale confirmation. The share transfer committee of the company meets as often as required. The total number of shares transferred in physical form during the quarter was 100 (quarter 4,10). 7. Investor services Complaints Received Quarter Nature of complaints Received Att to Received Att to Dividend Related The company has att to most of the investors grievances/correspondences within a period of 10 days from the date of receipt of the same, during the quarter except in cases that are constrained by disputes or legal impediments. 8. Legal Proceedings There are some pending cases relating to disputes over title to shares, in which the company has been made a party. However, these cases are not material in nature.

5 9. Categories of shareholders as on Category No. of shareholders Voting strength (%) No. of shares held PROMOTER HOLDING Indian promoters ,37,40,717 NON PROMOTER HOLDING Institutional investors Mutual funds ,02,766 Banks, financial institutions and insurance companies ,88,098 Foreign institutional investors ,78,99,961 Others Private corporate bodies 2, ,21,881 Indian public 1,61, ,16,27,922 Non resident Indians/ overseas corporate bodies 2, ,24,15,945 Trusts ,33,475 Equity shares underlying American Depository Shares* ,82,94,398 Total of non promoter holding 1,67, ,07,84,446 Total 1,67, ,45,25,163 * Held by beneficial owners outside India. 10. Financial calendar (tentative and subject to change) Financial results Quarter and Year ending 2006 Apr 14, 2006 Annual General Meeting for year ending 2006 Jun Investors correspondence For investor matters in India: For investor matters in US: For queries relating to financial statements: Mr. V. Balakrishnan, Mr. Sandeep Mahindroo, Mr. T. V. Mohandas Pai, Company Secretary and Senior Vice President Finance; Senior Officer-Finance; Director (F&A) and CFO; Investors Service Cell; Infosys Technologies Limited, Infosys Technologies Limited, Infosys Technologies Limited, Electronics City, Hosur Road Electronics City, Hosur Road, Electronics City, Hosur Road, Bangalore , India Bangalore , India. Bangalore , India. Tel.: , Tel.: , Tel.: Fax: Fax: Fax: sandeep_mahindroo@infosys.com mdpai@infosys.com. balakv@infosys.com 12. Stock exchange codes Reuters Code Telerate/Moneyline code Bloomberg code INFY.BO (BSE) IN;INF (BSE) INFO IN (BSE) INFY.NS (NSE) IN;INFN (NSE) NINFO IN (NSE) INFY.O (NASDAQ) US;INFY (NASDAQ) 13. Stock market data relating to American Depositary Shares (ADSs) a. ADS listed at : NASDAQ National Market in the US b. Ratio of ADS to equity shares: One ADS for one equity share c. ADS symbol : INFY d. The American Depositary Shares issued under the ADS program of the company were listed on the NASDAQ National Market in the US on March 11, The monthly high and low quotations as well as the volume of ADSs traded at the NASDAQ National Market for the quarter December 31, are: High* Low* Volume $ Rs. $ Rs. October , , ,820,074 November , , ,826,663 December , , ,535,596 For the period , , ,182,333 Note: 1 ADS = 1 equity share. US$ has been converted into Indian rupees at the monthly closing rates. The number of ADSs outstanding as on was 3,82,94,398. The percentage of volume traded to the total float was %.

6 14. ECS mandate The company has received complaints regarding non-receipt of dividend warrants. All shareholders are requested to update their bank account details with their respective depositories. This would enable the company to service its investors better. 15. Change of address The company has received complaints regarding non-receipt of dividend warrants and other corporate communications. All shareholders are requested to update their current address with their respective depositories immediately. This would enable the company to service its investors better.

7 Infosys Technologies Limited United States Atlanta 400 Galleria Parkway Suite 1490 Atlanta, GA Tel. : Fax : Bellevue th Avenue NE Suite 550 Bellevue, WA Tel. : Fax : Bridgewater, NJ 400 Crossing Boulevard, Ist Floor, Bridgewater, NJ, Tel: Fax : Charlotte 900 West Trade Street Suite 750 Charlotte, NC Tel. : Fax : Detroit Suite 2850, 3000 Town Center Southfield, MI Tel. : Fax : Fremont 6607 Kaiser Drive Fremont, CA Tel. : Fax : Lake Forest One Spectrum Pointe Suite 350 Lake Forest, CA Tel. : Fax : Lisle 2300 Cabot Drive Suite 250 Lisle, IL Tel. : Fax : Phoenix N Black Canyon Fwy Suite 830 Phoenix, AZ Tel. : Fax : Plano 6100, Tennyson Parkway Suite 200, Plano, TX Tel. : Fax : Quincy Two Adams Place Quincy, MA Tel. : Fax : Reston Sunset Hills Road Suite 340 Reston, VA Tel.: Fax: Houston 14800, St Mary's Lane, Suite 160, Houston, TX Tel : Fax : Belgium Airport Boulevard Office Park Bessenveldstraat Diegem, Belgium Tel. : Fax : Canada 5140 Yonge Street Suite 1400 Toronto, Ontario M2N 6L7 Tel. : Fax : Czech Republic Zitna Street 1578/ Prague 2 Czech Republic Tel. : Fax : France 12 Avenue de I Arche Faubourg de l Arche Courbevoie Cedex Tel. : Fax : Germany FrankFurt TOPAS 1 Mergenthalerallee Eschborn / Frankfurt Tel. : Fax : Stuttgart Liebknechtstrasse 33 D Stuttgart Tel. : Fax : Walldorf SAP Partner Port Office Altrottstr Walldorf Tel. : / 51 Fax : Hong Kong 16F Cheung Kong Centre 2 Queen s Road Central Central, Hong Kong Tel. : Fax : Italy Via Torino Milano, Italy Tel. : Fax : Japan Izumi Garden Wing 2F 1-6-3, Roppongi, Minato-ku Tokyo Tel. : Fax : Mauritius 4th Floor, B Wing Ebène Cyber Towers Reduit, Mauritius Tel. : Fax : Sweden Stureplan 4C, 4tr , Stockholm Sweden Tel. : Fax : Switzerland Zurich 1st Floor, Badenerstrasse , Zurich Tel. : Fax : Geneva 1st Floor, Block G ICC, Route de Pré-Bois 20 GENEVA SWITZERLAND Tel. : Fax : The Netherlands Newtonlaan BH Utrecht Tel. : Fax : United Arab Emirates Y-45, P.O. Box 8230 Sharjah Airport International Free Zone (SAIF Zone) Sharjah Tel. : Fax : United Kingdom Infosys Technologies Limited 14th Floor, 10 Upper Bank Street Canary Wharf, London E14 5NP Tel. : Fax : rd Floor, 288 Bishops Gate London, EC2M 4QP Tel. : Fax : Room 303 Exchange House 494 Midsummer Boulevard Central Milton Keynes MK9 2EA Tel. : Fax : India Bangalore Electronics City, Hosur Road Bangalore Tel. : Fax : Reddy Building K-310, 1st Main, 5th Block Koramangala Bangalore Tel. : / 92 Fax : Bhubaneswar Plot No. E / 4, Info City Bhubaneswar Tel. : Fax. : Chennai No.138, Old Mahabalipuram Road Sholinganallur Chennai Tel. : / 40 Fax : Mahindra Industrial Park Special Economic Zone Mahindra City, Paranur Village, Chengalpet Dist. Chennai Tel. : : Fax : Hyderabad Survey No. 210 Manikonda Village Lingampally, Rangareddy (Dist) Hyderabad Tel. : Fax : Mangalore Kuloor Ferry Road, Kottara Mangalore Tel. : / 88 Fax : Mohali B 100, Industrial Area Phase VIII, SAS Nagar Mohali Tel. : Fax : Mumbai 85, C, Mittal Towers 8th Floor, Nariman Point Mumbai Tel. : Fax : Mysore No. 350, Hebbal Electronics City Hootagalli, Mysore Tel. : Fax : New Delhi K30, Green Park Main Behind Green Park Market New Delhi Tel. : Fax : Pune Plot No. 1 Rajiv Gandhi Infotech Park Hinjawadi, Taluka Mulshi Pune Tel. : Fax : Plot No. 24, Rajiv Gandhi Infotech Park Phase-II, Village Man Taluka Mulshi Pune Tel. : Fax : Thiruvananthapuram 3rd Floor, Bhavani, Technopark Thiruvananthapuram Tel. : Fax : Subsidiaries Infosys Consulting, Inc. 6100, Tennyson Parkway Suite 200, Plano, TX Tel. : Fax : Bankers ICICI Bank Ltd. Bank of America Company Secretary V. Balakrishnan Auditors BSR & Co. Chartered Accountants Independent Auditors (U.S. GAAP) KPMG Infosys Technologies (Australia) Pty. Limited Melbourne Level 2 & 3, 484, St. Kilda Road Melbourne VIC 3004 Tel. : Fax : Level 18 & Lonsdale Street Melbourne VIC 3000 Tel. : Fax : Sydney Level 4, 77 Pacific Highway North Sydney NSW 2060 Tel. : Fax : Infosys Technologies (Shanghai) Co. Ltd. Bldg No. 24 & 25 Shanghai Pudong Software Park No. 498, Guoshoujing Road Pudong New Area Shanghai People s Republic of China Tel. : Fax : Beijing Branch 14th Floor, IBM Tower Pacific Century Place 2A Workers Stadium Road North Chaoyang District Beijing Tel. : / 1063 Fax : Progeon Limited Plot No. 26 / 3, 26 / 4 and 26 / 6 Electronics City, Hosur Road Bangalore Tel. : Fax : , SJR Towers Bannerghatta Road J. P. Nagar III Phase Bangalore Tel. : Fax : Pune Plot No. 1, Building No. 4 Pune Infotech Park, Hinjawadi, Taluka Mulshi Pune Tel. : Fax : Progeon SRO 4th Floor, 26, 28 & 30 Masarykova Street Brno Czech Republic Tel. : Fax : Visit Infosys at Call us at within the U.S ITL INFO outside the U.S Infosys Technologies Limited, Bangalore, India. Infosys acknowledges the proprietary rights in the trademarks and product names of other companies mentioned in the document.

At a glance Indian GAAP (Non-consolidated financials)

At a glance Indian GAAP (Non-consolidated financials) in Rs. crore, except per share data Half year Year Sept 30, Sept 30, 2004 Sept 30, Sept 30, 2004 For the period Income 2,170 1,690 4,137 3,161 6,860